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20121121
20121129
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? why then, dan, are we feeling this way? you share the view that we are not -- you're not done with the fiscal cliff. we're not going to suddenly solve our fiscal problems. we certainly haven't been talking enough on the spending side. there seems to be movement toward the idea that some people's taxes will go up at the high end. middle class won't see much of a tax increase. why the optimism? are we justified? >> well, i think the typical consumer is not like you and me and our other guests here. the typical median income is $60,000 a year for a family. they're not getting a lot of money from capital gains and dividends. they're not freaked out at the prospect of those going up. they're concerned about what is in their paycheck. paychecks are morsteady than they had been any time the last few years. wages are going up a little bit. the biggest asset that anybody owns is a house. we finally seem -- it's not just the value of sales rising and construction but home values. and so with every passing week, you know, certain number of people underwater on their mortgages are now in
in this recovery. >> then, dan, are we feeling this way? you share the view that we are not -- we're not done with the fiscal cliff. we're not going to suddenly solve our fiscal problems. we certainly haven't been talking it up on the spending side. we've agreed -- we haven't agreed but there seems to be a movement toward the idea that some taxes will go up on the high end and the middle class won't see much of a tax increase. are we justified? >> i think the typical consumer is not like you and me and the other guests there. the typical consumer makes about $60,000 a year for their family. they're not getting tax dividends so they're not freaked up about those going up. they're concerned about their paychecks and paychecks have been more steady for the first time in several years, wages have gone up a little bit, and the biggest asset people own is a house. it's not just a volume of sales rising and construction but home values. and so with every passing week, a certain number of people who are under water on their mortgages are now in positive territory. and that contributes to what we call
Search Results 0 to 1 of about 2